Goldman Sachs Executive Remains Bullish on European Financials Amid Volatility

Goldman Sachs executive John Storey expressed optimism about the resilience of markets despite ongoing volatility. According to NS3.AI, Storey maintains a bullish stance on European financials, noting that these sectors continue to trade at high single-digit price-to-earnings ratios while delivering double-digit earnings growth and shareholder returns. Additionally, Storey highlighted investor interest in asset-heavy sectors linked to AI infrastructure, such as data centers, defense, mining, materials, and semiconductors.